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Kansas Office of Veterans Services·Kansas

Resident Fund Surety Bond Insurance

Closes 12/3/2026$20k – $40kInvitation for Bid
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Description

The Kansas Office of Veterans Services is issuing an Invitation for Bid (IFB) to obtain a Resident Fund Surety Bond covering the Kansas Soldiers’ Home and Kansas Veterans’ Home. The bond guarantees the protection of resident funds held in trust and must meet federal and state regulatory requirements. The contract period runs from April 1 2027 through March 31 2030 (three years). Bidders must be pre‑registered with the State of Kansas, submit a complete bid package (including tax clearance, certifications, and cost sheet) by December 3 2026, and may choose between two premium structures (with or without state indemnification). The award will be made to a qualified insurance provider that can issue the required surety coverage for a total bond amount of $900,000. • Scope: Issue a surety bond (total $900k) covering two facilities; provide premium quote for the three‑year term. • Contract term: 12 Oct 2026 – 3 Dec 2026 (bid window); performance period 1 Apr 2027 – 31 Mar 2030. • Bid submission: Email to [email protected] (or hand‑delivery) by 2:00 PM CST, Dec 3 2026. • Mandatory requirements: State bidder registration, tax clearance certificate, IRCA compliance, anti‑boycott and telecom equipment certifications. • Evaluation: Based on compliance, premium cost, and ability to meet bond‑issuance criteria.

Attached files

Contact

Lily Lundy(Procurement Officer)

[email protected]

(785) 296-0714

Key dates

Opened
10/29/2026
Questions due
11/12/2026
Closes
12/3/2026
Duration
3 years

Last updated

Details

Type
Invitation for Bid
Industry
Insurance
NAICS
524126
Solicitation №
EVT0010973

Budget estimate

$20,000 – $40,000

The total bond coverage is $900,000 ($500k for the Soldiers’ Home and $400k for the Veterans’ Home). Surety bond premiums typically range from 0.5 % to 3 % of the bond amount per year, depending on the insurer’s risk assessment and whether the State provides indemnification. Assuming an average rate of 1 % per year, the annual premium would be about $9,000, resulting in roughly $27,000 over the three‑year contract. A conservative low‑end estimate (0.5 % rate) yields $4,500 per year ($13,500 total), while a high‑end scenario (2 % rate) yields $18,000 per year ($54,000 total). Considering market variability, a realistic expected range is $20,000‑$40,000 for the full contract term.

AI estimate from the solicitation

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